PEDEVCO Corp. (NYSEAMERICAN:PED) Short Interest Up 134.5% in May

PEDEVCO Corp. (NYSEAMERICAN:PED - Get Free Report) was the target of a large growth in short interest during the month of May. As of May 15th, there was short interest totalling 110,200 shares, a growth of 134.5% from the April 30th total of 47,000 shares. Based on an average trading volume of 112,300 shares, the short-interest ratio is presently 1.0 days. Approximately 0.4% of the shares of the stock are sold short.

PEDEVCO Stock Performance

Shares of PEDEVCO stock traded up $0.01 during trading on Monday, hitting $0.65. The company's stock had a trading volume of 31,748 shares, compared to its average volume of 125,829. The stock has a market capitalization of $56.57 million, a PE ratio of 21.67 and a beta of 1.32. PEDEVCO has a 52 week low of $0.47 and a 52 week high of $1.10. The firm's 50-day moving average is $0.59.

PEDEVCO Company Profile

PEDEVCO Corp., an oil and gas company, focuses on the acquisition, development, and production of oil and natural gas assets in the United States. It holds interests in the Permian Basin asset covering an area of approximately 22,721 net acres located in New Mexico; and D-J Basin asset covering an area of approximately 19,214 net acres located in Wyoming.